Disney Plus at a critical point; Achieving profitability or increasing losses?

Disney's online streaming business continues to grow, but its losses are also increasing. According to this supermedia, in the last three months before September, more than twelve million users have been added to the Disney+ online streaming platform. But this company also lost about one and a half billion dollars; A loss that weighs on the company's bottom line.

BingMag.com Disney Plus at a critical point; Achieving profitability or increasing losses?

Disney's online streaming business continues to grow, but its losses are also increasing. According to this supermedia, in the last three months before September, more than twelve million users have been added to the Disney+ online streaming platform. But this company also lost about one and a half billion dollars; A loss that weighs on the company's bottom line.

According to Disney CEO Bob Chapek, Disney Plus has reached a "tipping point" and will become a profitable collection by 2024. He said in a conference on the achievements of the series: "We believe that we are on the right track to achieve a profitable online broadcasting business, and we do not see a particular change in the economic situation of the series."

Disney in recent years, billions Dollar has invested in its online streaming platforms and transformed itself from a company that had its roots in traditional cinema and television into one of the most important online streaming services in the cinema industry.

This company is currently It has more than 235 million users across its three online streaming platforms, which include sports network ESPN+ and entertainment website Hulu. Netflix, by comparison, has about 223 million users.

Disney, focused on financial profitability, has announced plans to raise prices and introduced an ad-supported version of Disney Plus. Is. According to the company, in the three months before September, budgeted revenues increased by about 9 percent, and grew by 23 percent in the most recent fiscal year.

The company reported that it made a profit of $162 million this year. And compared to last year's profit of 159 million dollars, it has made more profit. This profit was lower than expected by analysts and caused the shares of this company to fall by more than five percent. The company was also hurt by the weakness in its traditional cinema and television business, its advertising failed and the resulting costs reduced the company's profit.

According to Paolo Pescatore, one of the company's analysts. P. P. PP Foresight, it's a "frustrating era" that "underscores the challenges of a hypermedia moving into the future of online streaming." He said: "Looking for more users has a cost and its success is not guaranteed."

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